Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

I never try to predict the market.

Be fearful when there is greed and be greedy when there is fear.

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

I've often felt there might be more to be gained by studying business failures than business successes.

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.

The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.